An opportunity to purchase the former Royal Hotel, which has been transformed from 2010 into commercial and residential accommodation.
With 3 Commercial spaces on the ground floor, an on-site office, and 2 fully serviced apartments.
The first floor has 15 accommodation suites and an additional full apartment, a common kitchen/ dining and sitting area, separate laundry, and 4 full bathrooms with all suites either having ensuites or basins.
During the renovations, all plumbing and wiring have been replaced, and new hot water systems. Having earthquake strengthening done and a seismic report. The building is a category "B" historical designation that protects the outside of the building. Situated on 602sqm of land and located in the CBD on the corner of Beswick Street and Cains Terrace, approximately 100m from the main street.
Showing good returns even during these tough times, is a great investment, especially with the growth of Timaru.